Business
Mercury Systems Reports Third Quarter Fiscal 2025 Results
Q3 FY25 Bookings of $200.4 million; trailing-twelve-month book-to-bill of 1.1Backlog of $1.34 billion; up 4% year-over-yearQ3 FY25 Revenue of $211.4 million;
About this update from Mercury Systems Inc
[{"type":"text","content":"Q3 FY25 Bookings of $200.4 million; trailing-twelve-month book-to-bill of 1.1Backlog of $1.34 billion; up 4% year-over-yearQ3 FY25 Revenue of $211.4 million; GAAP net loss of $19.2 million; and adjusted EBITDA of $24.7 millionOperating Cash Flow of $30.0 million with Free Cash Flow of $24.1 million ANDOVER, Mass., May 06, 2025 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the third quarter of fiscal year 2025, ended March 28, 2025. “We delivered solid results in the third quarter of fiscal 2025 that were once again in line with or ahead of our expectations, reinforcing the confidence we have in our strategic positioning and expectations to deliver predictable organic growth with expanding margins and robust free cash flow,” said Bill Ballhaus, Mercury’s Chairman and CEO. “In the quarter we secured bookings of $200.4 million, and a trailing-twelve-month book-to-bill of 1.1; revenue of $211.4 million, contributing to year to date revenue growth of 8.9%; adjusted EBITDA of $24.7 million, and adjusted EBITDA margin of 11.7%, both up substantially year-over-year; and free cash flow of $24.1 million, up $49.8 million year-over-year. These results reflect continued progress in each of our four priority areas, including solid execution across our portfolio of production and development programs, a growing backlog, reduced operating expenses enabling increased positive operating leverage, and continued progress on free cash flow drivers.\" Third Quarter Fiscal 2025 Results Total Company third quarter fiscal 2025 revenues were $211.4 million, compared to $208.3 million in the third quarter of fiscal 2024. Total bookings for the third quarter of fiscal 2025 were $200.4 million, yielding a book-to-bill ratio of 0.95 for the quarter. Total Company GAAP net loss and loss per share for the third quarter of fiscal 2025 were $19.2 million, and $0.33, respectively, compared to GAAP net loss and loss per share of $44.6 million, and $0.77, respectively, for the third quarter of fiscal 2024. Adjusted earnings (loss) per share (“adjusted EPS”) was $0.06 per share for the third quarter of fiscal 2025, compared to $(0.26) per share in the third quarter of fiscal 2024. Third quarter fiscal 2025 adjusted EBITDA for the total Company was $24.7 million, compared to $(2.4) million for the third quarte...